Company History Diamond Power InfrastructureThe Company

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Company History - Diamond Power InfrastructureThe Company traces its origins to M/s. Diamond Cables (DC), a Partnership Firm established in 1971. DC was later converted into a proprietory firm in 1984 which Shri S.N. Bhatnagar as a sole proprietor. On 1st October, 1992, Diamond Cables Private Limited (DCPL), a Company incorporated under the Act on 26th August, 1992, acquired the current assets and current liabilities of DC. DC was subsequently incorporated under the Act as a Private Limited Company under the name and style of Madhu Formulations Private Limited (MFPL) on the 9th March, 1993 with ROC Gujarat.

DCPL entered into a Memorandum of Understanding (MOU) with MFPL on 10th March, 1993, for taking over the entire business of MFPL, at a value certified by Government approved Valuers.

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Unit Code: DE5H 35
Outcome 1
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Context
Within this report you will find:
1.1. Introduction
1.2. Terms of Reference
1.3. Sole Traders
1.4. Partnerships
1.5. Corporate Bodies
1.5.1. Private Limited Companies
1.5.2. Public Limited Companies
1.6. Conclusion
1.7. Recommendations
1.8. Appendix
1.1. Introduction
The aim of this report is to:
Describe the differences in legal personalities and responsibilities between different company types.
Formalities and documents required for registering as a company
Types of corporate bodies and their characteristics (public and private companies)
Advise the best course of action
1.2. Terms of reference
The purpose of this report is to advise Karl and Theo in which direction they should expand their business next. Karl and Theo are seeking advice on the different types of companies available and the legal responsibilities involved within the different entities.
As stands currently Theo and Karl are currently trading as partners in a sole tradership, both men like and trust one another and they’re skill sets complement each other. They wish to expand although they are unsure in which direction and what each direction means.
Currently they have not managed to reach an agreement on their own as to how the business should be organised although they agree...

...﻿Question 1
Facts:
Dozey is a sole trader incorporated a company named ‘Sleepy Head Pty Ltd’ five years later after h1e insured the business against fire or burglars to Risk Ltd. In February 2013, the company want to purchase the business from Dozey and the purchase price is consists of company shares and debentures secured over the assets of the company. Dozey became a shareholder and secured director of Sleepy Head Pty Ltd, workers compensation insurance taken out by him with Compo Ltd. In June 2013, theft happened in company and Dozey got hurt when he try to find some stock back. The company is insolvent and has liquidation due to financial crisis.
Legal issues:
Sleepy Head Pty Ltd is insolvent and cannot pay their unsecured creditors. Liquidator states that Dozey’s claim has been rejected. Insurance company also reject Dozey’s claim about his medical costs and company also won’t get the claim on their stolen stocks.
Relevant case law:
According to the case Salomon v Salomon & Company Ltd [1897] AC 21, one of the central principles of company law is company is a separate legal entity and is separate from its shareholders, directors and founder.
As decision states in Macaura v Northern Assurance Co Ltd [1925] AC 6192, there is a distinction between personal and company assets.
Lee v Lee’s Air...

...repair shop). The store’s ownership was then turned over to John W. Nordstrom’s sons after Nordstrom and Wallin retired.
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With its recent partnership with online retailer FiftyOne Global Commerce, Nordstrom has aimed to penetrate global markets with its high-end fashion selection. Nordstrom Inc. has long been hailed as a top-tier fashion-retail company in the United States, and wishes to apply their same business model in their interaction with global consumers. (Powerpoint Chapter 5: Retail Market Strategy, “Growth Opportunities”)
Additionally, Nordstrom Inc. aims to open more Nordstrom and Nordstrom Rack stores throughout the United States. Nordstrom also aims to expand its presence on the online fashion-retail industry, competing with other fashion retail stores that already have good presence on the online market (Zara, H&M).
· What is the mission statement?
“At Nordstrom, our goal is to provide outstanding service everyday, one customer at a time.” ( http://retailindustry.about.com/od/retailbestpractices/ig/Company-Mission-Statements/Nordstrom-Stores-Mission-Statement.htm
· Are there plans to expand, penetrate, diversify, or change their retail format in the near future?
There are two new business practices Nordstrom Inc. aims to apply to their business model:
1) Online, “same-day delivery policy”: offers customers the ability to order fashion items from actual retail...

...purchasing more assets, making sales or by simply making payments or purchasing on credit.
1. Cash: There is an increase of cash as of June 30 by $31,677. This could be the result of the company making sales for cash or making purchases on credit which would explain the increase in accounts payable. Also, payments of insurance were credited from prepaid insurance resulting in no cash being removed from the account.
2. Accounts Receivable: There is an increase in accounts receivable as of June 30 by $4,707. This could
be the result of the company making sales on credit.
3. Supplies on hand: There is an increase in supplies on hand as of June 30 by $1,071. This could be the
result of the company having purchased more supplies during the month.
4. Merchandise Inventory: There is a decrease in merchandise inventory as of June 30 by $3,315.The
reason of the decrease would be that the company has made sales during the
month.
5. Prepaid Insurance: There is a decrease in prepaid insurance as of June 30 by $324 because at the end
of the month, a payment of insurance was due resulting in decreasing the prepaid
insurance account.
6. Notes Receivable: The balance at the end of the month is zero because Diane Maynard paid her loan
of $11,700 resulting in cash coming in the company and notes receivable
decreasing or in this case, clearing the account.
7. Land: There is no...

...
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Question
Based on the above situation, there are few questions that arise as seen below:
●Whether the recapitalization would be good for the company’s development in the long run?
●After borrowing $ 3 billion dollars what would the impact on the company’s debt rating be?
●What’s the impact on the company’s share value; would the recapitalization increase the company’s share value?
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Hypothesis
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...Company Account: Issue of Debentures
Q.1. What do you mean by the term Debenture? What are the kinds of Debentures?
Answer: When a company desires to borrow a considerable sum of money for its expansion, it invites the general public to subscribe to its debentures. A debenture is a certificate issued by the company acknowledging the debt due by it to its holders and is issued by means of a prospectus in the same manner as shares.
Kinds of Debentures:
The following are the various types of debentures issued by a company:
1. Security Point of View
i. Secured Debentures (Mortgaged): Mortgaged debentures are those debentures which are secured on a particular asset of the company.
ii. Unsecured Debentures: When debentures are issued without any charge or security, they are termed as unsecured or naked debentures. Holders of unsecured debentures are ordinary unsecured creditors and do not enjoy any special rights.
2. Redemption Point of View
i. Redeemable Debentures: Such debentures are redeemable at par or premium after the expiry of a particular period or under a system of periodical drawings.
ii. Irredeemable Debentures: Debentures may be made irredeemable or in other words perpetual. Such debentures are redeemable either on the happening of a contingency or when the company is wound up or when the company decides to redeem.
3. Convertibility Point of View...